{smcl}
{com}{sf}{ul off}{txt}{.-}
      name:  {res}<unnamed>
       {txt}log:  {res}C:\Users\Han\Desktop\document\불평등 연구\주제26_집과_민주주의\competition and change\data\analysis_2.smcl
  {txt}log type:  {res}smcl
 {txt}opened on:  {res}14 Nov 2024, 13:54:18

{com}. encode country, gen(country_1)

. 
. 
. 
. tsset country_1 year
{res}{txt}{col 8}panel variable:  {res}country_1 (unbalanced)
{txt}{col 9}time variable:  {res}{col 25}year, 1996 to 2021
{txt}{col 17}delta:  {res}1 unit

{com}. 
. 
. 
. gen ln_gdp = ln( gdp_pc )

. xtreg electoral_democracy i.did90##c.Own_outright ln_gdp inflation interest_rate social_spending i.year, fe
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}       347
{txt}Group variable: {res}country_1{txt}{col 49}Number of groups{col 67}={col 69}{res}        33

{txt}R-sq:{col 49}Obs per group:
     within  = {res}0.2683{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     between = {res}0.0003{col 63}{txt}avg{col 67}={col 69}{res}      10.5
{txt}     overall = {res}0.0199{col 63}{txt}max{col 67}={col 69}{res}        12

{txt}{col 49}F({res}18{txt},{res}296{txt}){col 67}={col 70}{res}     6.03
{txt}corr(u_i, Xb){col 16}= {res}-0.5666{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1} electoral_democracy{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 13}1.did90 {c |}{col 22}{res}{space 2} .0395974{col 34}{space 2}  .021224{col 45}{space 1}    1.87{col 54}{space 3}0.063{col 62}{space 4}-.0021716{col 75}{space 3} .0813664
{txt}{space 8}Own_outright {c |}{col 22}{res}{space 2}-.0023688{col 34}{space 2} .0012655{col 45}{space 1}   -1.87{col 54}{space 3}0.062{col 62}{space 4}-.0048594{col 75}{space 3} .0001218
{txt}{space 20} {c |}
did90#c.Own_outright {c |}
{space 18}1  {c |}{col 22}{res}{space 2}-.0008439{col 34}{space 2} .0009685{col 45}{space 1}   -0.87{col 54}{space 3}0.384{col 62}{space 4}-.0027499{col 75}{space 3} .0010622
{txt}{space 20} {c |}
{space 14}ln_gdp {c |}{col 22}{res}{space 2} -.134509{col 34}{space 2} .0437403{col 45}{space 1}   -3.08{col 54}{space 3}0.002{col 62}{space 4}-.2205904{col 75}{space 3}-.0484276
{txt}{space 11}inflation {c |}{col 22}{res}{space 2}-.0019649{col 34}{space 2} .0022885{col 45}{space 1}   -0.86{col 54}{space 3}0.391{col 62}{space 4}-.0064687{col 75}{space 3} .0025388
{txt}{space 7}interest_rate {c |}{col 22}{res}{space 2} .0003647{col 34}{space 2} .0016753{col 45}{space 1}    0.22{col 54}{space 3}0.828{col 62}{space 4}-.0029322{col 75}{space 3} .0036616
{txt}{space 5}social_spending {c |}{col 22}{res}{space 2}-.0009177{col 34}{space 2}  .002052{col 45}{space 1}   -0.45{col 54}{space 3}0.655{col 62}{space 4}-.0049562{col 75}{space 3} .0031207
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}2011  {c |}{col 22}{res}{space 2} .0081159{col 34}{space 2} .0094784{col 45}{space 1}    0.86{col 54}{space 3}0.393{col 62}{space 4}-.0105377{col 75}{space 3} .0267696
{txt}{space 15}2012  {c |}{col 22}{res}{space 2} .0056114{col 34}{space 2} .0091849{col 45}{space 1}    0.61{col 54}{space 3}0.542{col 62}{space 4}-.0124646{col 75}{space 3} .0236874
{txt}{space 15}2013  {c |}{col 22}{res}{space 2} .0039964{col 34}{space 2} .0103952{col 45}{space 1}    0.38{col 54}{space 3}0.701{col 62}{space 4}-.0164614{col 75}{space 3} .0244542
{txt}{space 15}2014  {c |}{col 22}{res}{space 2}  .000136{col 34}{space 2} .0113018{col 45}{space 1}    0.01{col 54}{space 3}0.990{col 62}{space 4}-.0221061{col 75}{space 3} .0223781
{txt}{space 15}2015  {c |}{col 22}{res}{space 2} .0031467{col 34}{space 2} .0125678{col 45}{space 1}    0.25{col 54}{space 3}0.802{col 62}{space 4}-.0215869{col 75}{space 3} .0278804
{txt}{space 15}2016  {c |}{col 22}{res}{space 2} .0015197{col 34}{space 2}  .013634{col 45}{space 1}    0.11{col 54}{space 3}0.911{col 62}{space 4}-.0253122{col 75}{space 3} .0283516
{txt}{space 15}2017  {c |}{col 22}{res}{space 2} .0073784{col 34}{space 2} .0142599{col 45}{space 1}    0.52{col 54}{space 3}0.605{col 62}{space 4}-.0206854{col 75}{space 3} .0354421
{txt}{space 15}2018  {c |}{col 22}{res}{space 2} .0034738{col 34}{space 2} .0154515{col 45}{space 1}    0.22{col 54}{space 3}0.822{col 62}{space 4} -.026935{col 75}{space 3} .0338825
{txt}{space 15}2019  {c |}{col 22}{res}{space 2} .0046314{col 34}{space 2} .0178232{col 45}{space 1}    0.26{col 54}{space 3}0.795{col 62}{space 4}-.0304448{col 75}{space 3} .0397077
{txt}{space 15}2020  {c |}{col 22}{res}{space 2} -.004246{col 34}{space 2} .0212233{col 45}{space 1}   -0.20{col 54}{space 3}0.842{col 62}{space 4}-.0460137{col 75}{space 3} .0375218
{txt}{space 15}2021  {c |}{col 22}{res}{space 2} .0012316{col 34}{space 2} .0223576{col 45}{space 1}    0.06{col 54}{space 3}0.956{col 62}{space 4}-.0427684{col 75}{space 3} .0452316
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 2.392402{col 34}{space 2} .4984499{col 45}{space 1}    4.80{col 54}{space 3}0.000{col 62}{space 4} 1.411447{col 75}{space 3} 3.373357
{txt}{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
             sigma_u {c |} {res} .08550828
             {txt}sigma_e {c |} {res} .03424967
                 {txt}rho {c |} {res} .86174657{txt}   (fraction of variance due to u_i)
{hline 21}{c BT}{hline 64}
F test that all u_i=0: F({res}32{txt}, {res}296{txt}) = {res}18.58{col 62}{txt}Prob > F = {res}0.0000

{com}. 
. estimates store model_1

. 
. 
. 
. xtreg electoral_democracy i.did100##c.Own_outright ln_gdp inflation interest_rate social_spending i.year, fe
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}       347
{txt}Group variable: {res}country_1{txt}{col 49}Number of groups{col 67}={col 69}{res}        33

{txt}R-sq:{col 49}Obs per group:
     within  = {res}0.2739{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     between = {res}0.0002{col 63}{txt}avg{col 67}={col 69}{res}      10.5
{txt}     overall = {res}0.0303{col 63}{txt}max{col 67}={col 69}{res}        12

{txt}{col 49}F({res}18{txt},{res}296{txt}){col 67}={col 70}{res}     6.20
{txt}corr(u_i, Xb){col 16}= {res}-0.5186{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{hline 22}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  electoral_democracy{col 23}{c |}      Coef.{col 35}   Std. Err.{col 47}      t{col 55}   P>|t|{col 63}     [95% Con{col 76}f. Interval]
{hline 22}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 13}1.did100 {c |}{col 23}{res}{space 2} .0381061{col 35}{space 2} .0173805{col 46}{space 1}    2.19{col 55}{space 3}0.029{col 63}{space 4} .0039011{col 76}{space 3} .0723111
{txt}{space 9}Own_outright {c |}{col 23}{res}{space 2}-.0023547{col 35}{space 2} .0010055{col 46}{space 1}   -2.34{col 55}{space 3}0.020{col 63}{space 4}-.0043335{col 76}{space 3}-.0003758
{txt}{space 21} {c |}
did100#c.Own_outright {c |}
{space 19}1  {c |}{col 23}{res}{space 2}-.0007097{col 35}{space 2} .0006118{col 46}{space 1}   -1.16{col 55}{space 3}0.247{col 63}{space 4}-.0019138{col 76}{space 3} .0004943
{txt}{space 21} {c |}
{space 15}ln_gdp {c |}{col 23}{res}{space 2}-.1219372{col 35}{space 2} .0439611{col 46}{space 1}   -2.77{col 55}{space 3}0.006{col 63}{space 4}-.2084531{col 76}{space 3}-.0354213
{txt}{space 12}inflation {c |}{col 23}{res}{space 2} -.001842{col 35}{space 2} .0022863{col 46}{space 1}   -0.81{col 55}{space 3}0.421{col 63}{space 4}-.0063415{col 76}{space 3} .0026574
{txt}{space 8}interest_rate {c |}{col 23}{res}{space 2} .0000906{col 35}{space 2} .0016831{col 46}{space 1}    0.05{col 55}{space 3}0.957{col 63}{space 4}-.0032218{col 76}{space 3} .0034029
{txt}{space 6}social_spending {c |}{col 23}{res}{space 2} -.000805{col 35}{space 2} .0020476{col 46}{space 1}   -0.39{col 55}{space 3}0.694{col 63}{space 4}-.0048348{col 76}{space 3} .0032247
{txt}{space 21} {c |}
{space 17}year {c |}
{space 16}2011  {c |}{col 23}{res}{space 2} .0071136{col 35}{space 2} .0094414{col 46}{space 1}    0.75{col 55}{space 3}0.452{col 63}{space 4}-.0114672{col 76}{space 3} .0256944
{txt}{space 16}2012  {c |}{col 23}{res}{space 2} .0060615{col 35}{space 2} .0091222{col 46}{space 1}    0.66{col 55}{space 3}0.507{col 63}{space 4}-.0118911{col 76}{space 3} .0240141
{txt}{space 16}2013  {c |}{col 23}{res}{space 2} .0045588{col 35}{space 2}  .010273{col 46}{space 1}    0.44{col 55}{space 3}0.658{col 63}{space 4}-.0156586{col 76}{space 3} .0247762
{txt}{space 16}2014  {c |}{col 23}{res}{space 2} .0010254{col 35}{space 2} .0111201{col 46}{space 1}    0.09{col 55}{space 3}0.927{col 63}{space 4}-.0208591{col 76}{space 3}   .02291
{txt}{space 16}2015  {c |}{col 23}{res}{space 2} .0038797{col 35}{space 2} .0123821{col 46}{space 1}    0.31{col 55}{space 3}0.754{col 63}{space 4}-.0204884{col 76}{space 3} .0282479
{txt}{space 16}2016  {c |}{col 23}{res}{space 2}-.0037288{col 35}{space 2} .0139699{col 46}{space 1}   -0.27{col 55}{space 3}0.790{col 63}{space 4}-.0312217{col 76}{space 3}  .023764
{txt}{space 16}2017  {c |}{col 23}{res}{space 2} .0018886{col 35}{space 2} .0146778{col 46}{space 1}    0.13{col 55}{space 3}0.898{col 63}{space 4}-.0269975{col 76}{space 3} .0307748
{txt}{space 16}2018  {c |}{col 23}{res}{space 2} -.003007{col 35}{space 2} .0158798{col 46}{space 1}   -0.19{col 55}{space 3}0.850{col 63}{space 4}-.0342587{col 76}{space 3} .0282447
{txt}{space 16}2019  {c |}{col 23}{res}{space 2}-.0023251{col 35}{space 2}  .018234{col 46}{space 1}   -0.13{col 55}{space 3}0.899{col 63}{space 4}-.0382098{col 76}{space 3} .0335597
{txt}{space 16}2020  {c |}{col 23}{res}{space 2}-.0112265{col 35}{space 2} .0215379{col 46}{space 1}   -0.52{col 55}{space 3}0.603{col 63}{space 4}-.0536133{col 76}{space 3} .0311603
{txt}{space 16}2021  {c |}{col 23}{res}{space 2} -.006881{col 35}{space 2} .0227446{col 46}{space 1}   -0.30{col 55}{space 3}0.762{col 63}{space 4}-.0516427{col 76}{space 3} .0378807
{txt}{space 21} {c |}
{space 16}_cons {c |}{col 23}{res}{space 2}  2.25704{col 35}{space 2} .5010314{col 46}{space 1}    4.50{col 55}{space 3}0.000{col 63}{space 4} 1.271004{col 76}{space 3} 3.243075
{txt}{hline 22}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
              sigma_u {c |} {res} .08202166
              {txt}sigma_e {c |} {res} .03411731
                  {txt}rho {c |} {res}  .8525015{txt}   (fraction of variance due to u_i)
{hline 22}{c BT}{hline 64}
F test that all u_i=0: F({res}32{txt}, {res}296{txt}) = {res}18.42{col 62}{txt}Prob > F = {res}0.0000

{com}. 
. estimates store model_2

. 
. 
. 
. xtreg electoral_democracy i.did110##c.Own_outright ln_gdp inflation interest_rate social_spending i.year, fe
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}       347
{txt}Group variable: {res}country_1{txt}{col 49}Number of groups{col 67}={col 69}{res}        33

{txt}R-sq:{col 49}Obs per group:
     within  = {res}0.2636{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     between = {res}0.0056{col 63}{txt}avg{col 67}={col 69}{res}      10.5
{txt}     overall = {res}0.0096{col 63}{txt}max{col 67}={col 69}{res}        12

{txt}{col 49}F({res}18{txt},{res}296{txt}){col 67}={col 70}{res}     5.89
{txt}corr(u_i, Xb){col 16}= {res}-0.5415{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{hline 22}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  electoral_democracy{col 23}{c |}      Coef.{col 35}   Std. Err.{col 47}      t{col 55}   P>|t|{col 63}     [95% Con{col 76}f. Interval]
{hline 22}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 13}1.did110 {c |}{col 23}{res}{space 2} .0269046{col 35}{space 2} .0193599{col 46}{space 1}    1.39{col 55}{space 3}0.166{col 63}{space 4}-.0111959{col 76}{space 3}  .065005
{txt}{space 9}Own_outright {c |}{col 23}{res}{space 2}-.0022615{col 35}{space 2} .0011009{col 46}{space 1}   -2.05{col 55}{space 3}0.041{col 63}{space 4} -.004428{col 76}{space 3} -.000095
{txt}{space 21} {c |}
did110#c.Own_outright {c |}
{space 19}1  {c |}{col 23}{res}{space 2}-.0006275{col 35}{space 2} .0007726{col 46}{space 1}   -0.81{col 55}{space 3}0.417{col 63}{space 4} -.002148{col 76}{space 3}  .000893
{txt}{space 21} {c |}
{space 15}ln_gdp {c |}{col 23}{res}{space 2}-.1290806{col 35}{space 2} .0442419{col 46}{space 1}   -2.92{col 55}{space 3}0.004{col 63}{space 4}-.2161493{col 76}{space 3} -.042012
{txt}{space 12}inflation {c |}{col 23}{res}{space 2}-.0013972{col 35}{space 2} .0023005{col 46}{space 1}   -0.61{col 55}{space 3}0.544{col 63}{space 4}-.0059245{col 76}{space 3} .0031301
{txt}{space 8}interest_rate {c |}{col 23}{res}{space 2} .0003439{col 35}{space 2} .0016875{col 46}{space 1}    0.20{col 55}{space 3}0.839{col 63}{space 4}-.0029771{col 76}{space 3} .0036649
{txt}{space 6}social_spending {c |}{col 23}{res}{space 2}-.0006574{col 35}{space 2} .0020677{col 46}{space 1}   -0.32{col 55}{space 3}0.751{col 63}{space 4}-.0047265{col 76}{space 3} .0034118
{txt}{space 21} {c |}
{space 17}year {c |}
{space 16}2011  {c |}{col 23}{res}{space 2} .0070734{col 35}{space 2} .0095088{col 46}{space 1}    0.74{col 55}{space 3}0.458{col 63}{space 4}-.0116399{col 76}{space 3} .0257868
{txt}{space 16}2012  {c |}{col 23}{res}{space 2} .0075299{col 35}{space 2}  .009177{col 46}{space 1}    0.82{col 55}{space 3}0.413{col 63}{space 4}-.0105306{col 76}{space 3} .0255904
{txt}{space 16}2013  {c |}{col 23}{res}{space 2} .0069609{col 35}{space 2} .0103051{col 46}{space 1}    0.68{col 55}{space 3}0.500{col 63}{space 4}-.0133198{col 76}{space 3} .0272415
{txt}{space 16}2014  {c |}{col 23}{res}{space 2}   .00421{col 35}{space 2}  .011117{col 46}{space 1}    0.38{col 55}{space 3}0.705{col 63}{space 4}-.0176684{col 76}{space 3} .0260884
{txt}{space 16}2015  {c |}{col 23}{res}{space 2} .0075153{col 35}{space 2} .0123703{col 46}{space 1}    0.61{col 55}{space 3}0.544{col 63}{space 4}-.0168295{col 76}{space 3} .0318601
{txt}{space 16}2016  {c |}{col 23}{res}{space 2} .0048307{col 35}{space 2}  .013527{col 46}{space 1}    0.36{col 55}{space 3}0.721{col 63}{space 4}-.0217905{col 76}{space 3} .0314519
{txt}{space 16}2017  {c |}{col 23}{res}{space 2} .0093016{col 35}{space 2} .0142948{col 46}{space 1}    0.65{col 55}{space 3}0.516{col 63}{space 4}-.0188306{col 76}{space 3} .0374339
{txt}{space 16}2018  {c |}{col 23}{res}{space 2} .0046362{col 35}{space 2} .0156094{col 46}{space 1}    0.30{col 55}{space 3}0.767{col 63}{space 4}-.0260832{col 76}{space 3} .0353556
{txt}{space 16}2019  {c |}{col 23}{res}{space 2} .0056215{col 35}{space 2} .0180522{col 46}{space 1}    0.31{col 55}{space 3}0.756{col 63}{space 4}-.0299054{col 76}{space 3} .0411484
{txt}{space 16}2020  {c |}{col 23}{res}{space 2}-.0045179{col 35}{space 2} .0215401{col 46}{space 1}   -0.21{col 55}{space 3}0.834{col 63}{space 4} -.046909{col 76}{space 3} .0378731
{txt}{space 16}2021  {c |}{col 23}{res}{space 2}-.0006633{col 35}{space 2} .0228527{col 46}{space 1}   -0.03{col 55}{space 3}0.977{col 63}{space 4}-.0456377{col 76}{space 3}  .044311
{txt}{space 21} {c |}
{space 16}_cons {c |}{col 23}{res}{space 2} 2.329042{col 35}{space 2} .5048299{col 46}{space 1}    4.61{col 55}{space 3}0.000{col 63}{space 4} 1.335531{col 76}{space 3} 3.322552
{txt}{hline 22}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
              sigma_u {c |} {res} .08405124
              {txt}sigma_e {c |} {res} .03435785
                  {txt}rho {c |} {res} .85682819{txt}   (fraction of variance due to u_i)
{hline 22}{c BT}{hline 64}
F test that all u_i=0: F({res}32{txt}, {res}296{txt}) = {res}18.34{col 62}{txt}Prob > F = {res}0.0000

{com}. 
. estimates store model_3

. 
. 
. 
. xtreg electoral_democracy i.did120##c.Own_outright ln_gdp inflation interest_rate social_spending i.year, fe
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}       347
{txt}Group variable: {res}country_1{txt}{col 49}Number of groups{col 67}={col 69}{res}        33

{txt}R-sq:{col 49}Obs per group:
     within  = {res}0.2758{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     between = {res}0.0001{col 63}{txt}avg{col 67}={col 69}{res}      10.5
{txt}     overall = {res}0.0231{col 63}{txt}max{col 67}={col 69}{res}        12

{txt}{col 49}F({res}18{txt},{res}296{txt}){col 67}={col 70}{res}     6.26
{txt}corr(u_i, Xb){col 16}= {res}-0.5493{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{hline 22}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  electoral_democracy{col 23}{c |}      Coef.{col 35}   Std. Err.{col 47}      t{col 55}   P>|t|{col 63}     [95% Con{col 76}f. Interval]
{hline 22}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 13}1.did120 {c |}{col 23}{res}{space 2} .1086799{col 35}{space 2} .0395213{col 46}{space 1}    2.75{col 55}{space 3}0.006{col 63}{space 4} .0309015{col 76}{space 3} .1864584
{txt}{space 9}Own_outright {c |}{col 23}{res}{space 2}-.0006238{col 35}{space 2} .0012385{col 46}{space 1}   -0.50{col 55}{space 3}0.615{col 63}{space 4}-.0030611{col 76}{space 3} .0018136
{txt}{space 21} {c |}
did120#c.Own_outright {c |}
{space 19}1  {c |}{col 23}{res}{space 2}-.0028513{col 35}{space 2} .0010889{col 46}{space 1}   -2.62{col 55}{space 3}0.009{col 63}{space 4}-.0049944{col 76}{space 3}-.0007083
{txt}{space 21} {c |}
{space 15}ln_gdp {c |}{col 23}{res}{space 2}-.1199351{col 35}{space 2} .0439648{col 46}{space 1}   -2.73{col 55}{space 3}0.007{col 63}{space 4}-.2064583{col 76}{space 3} -.033412
{txt}{space 12}inflation {c |}{col 23}{res}{space 2}-.0015587{col 35}{space 2} .0022692{col 46}{space 1}   -0.69{col 55}{space 3}0.493{col 63}{space 4}-.0060244{col 76}{space 3}  .002907
{txt}{space 8}interest_rate {c |}{col 23}{res}{space 2}  .000701{col 35}{space 2} .0016731{col 46}{space 1}    0.42{col 55}{space 3}0.676{col 63}{space 4}-.0025916{col 76}{space 3} .0039937
{txt}{space 6}social_spending {c |}{col 23}{res}{space 2}-.0002148{col 35}{space 2} .0020581{col 46}{space 1}   -0.10{col 55}{space 3}0.917{col 63}{space 4}-.0042652{col 76}{space 3} .0038356
{txt}{space 21} {c |}
{space 17}year {c |}
{space 16}2011  {c |}{col 23}{res}{space 2} .0069652{col 35}{space 2} .0094214{col 46}{space 1}    0.74{col 55}{space 3}0.460{col 63}{space 4}-.0115762{col 76}{space 3} .0255065
{txt}{space 16}2012  {c |}{col 23}{res}{space 2} .0057829{col 35}{space 2} .0091131{col 46}{space 1}    0.63{col 55}{space 3}0.526{col 63}{space 4}-.0121518{col 76}{space 3} .0237177
{txt}{space 16}2013  {c |}{col 23}{res}{space 2} .0052949{col 35}{space 2} .0102347{col 46}{space 1}    0.52{col 55}{space 3}0.605{col 63}{space 4} -.014847{col 76}{space 3} .0254369
{txt}{space 16}2014  {c |}{col 23}{res}{space 2} .0023185{col 35}{space 2} .0110521{col 46}{space 1}    0.21{col 55}{space 3}0.834{col 63}{space 4}-.0194322{col 76}{space 3} .0240692
{txt}{space 16}2015  {c |}{col 23}{res}{space 2} .0057244{col 35}{space 2} .0122917{col 46}{space 1}    0.47{col 55}{space 3}0.642{col 63}{space 4}-.0184658{col 76}{space 3} .0299147
{txt}{space 16}2016  {c |}{col 23}{res}{space 2} .0031064{col 35}{space 2} .0134051{col 46}{space 1}    0.23{col 55}{space 3}0.817{col 63}{space 4}-.0232751{col 76}{space 3} .0294879
{txt}{space 16}2017  {c |}{col 23}{res}{space 2} .0064143{col 35}{space 2} .0141746{col 46}{space 1}    0.45{col 55}{space 3}0.651{col 63}{space 4}-.0214815{col 76}{space 3}   .03431
{txt}{space 16}2018  {c |}{col 23}{res}{space 2}  .002345{col 35}{space 2} .0153636{col 46}{space 1}    0.15{col 55}{space 3}0.879{col 63}{space 4}-.0278907{col 76}{space 3} .0325808
{txt}{space 16}2019  {c |}{col 23}{res}{space 2} .0044727{col 35}{space 2} .0176641{col 46}{space 1}    0.25{col 55}{space 3}0.800{col 63}{space 4}-.0302904{col 76}{space 3} .0392357
{txt}{space 16}2020  {c |}{col 23}{res}{space 2}-.0077237{col 35}{space 2} .0212539{col 46}{space 1}   -0.36{col 55}{space 3}0.717{col 63}{space 4}-.0495515{col 76}{space 3} .0341041
{txt}{space 16}2021  {c |}{col 23}{res}{space 2}-.0021425{col 35}{space 2} .0224665{col 46}{space 1}   -0.10{col 55}{space 3}0.924{col 63}{space 4}-.0463569{col 76}{space 3} .0420719
{txt}{space 21} {c |}
{space 16}_cons {c |}{col 23}{res}{space 2} 2.170998{col 35}{space 2} .5050841{col 46}{space 1}    4.30{col 55}{space 3}0.000{col 63}{space 4} 1.176987{col 76}{space 3} 3.165009
{txt}{hline 22}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
              sigma_u {c |} {res} .08401988
              {txt}sigma_e {c |} {res} .03407288
                  {txt}rho {c |} {res} .85876904{txt}   (fraction of variance due to u_i)
{hline 22}{c BT}{hline 64}
F test that all u_i=0: F({res}32{txt}, {res}296{txt}) = {res}18.97{col 62}{txt}Prob > F = {res}0.0000

{com}. 
. estimates store model_4

. 
. 
. 
. xtreg electoral_democracy i.did130##c.Own_outright ln_gdp inflation interest_rate social_spending i.year, fe
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}       347
{txt}Group variable: {res}country_1{txt}{col 49}Number of groups{col 67}={col 69}{res}        33

{txt}R-sq:{col 49}Obs per group:
     within  = {res}0.2815{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     between = {res}0.0002{col 63}{txt}avg{col 67}={col 69}{res}      10.5
{txt}     overall = {res}0.0305{col 63}{txt}max{col 67}={col 69}{res}        12

{txt}{col 49}F({res}18{txt},{res}296{txt}){col 67}={col 70}{res}     6.44
{txt}corr(u_i, Xb){col 16}= {res}-0.5817{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{hline 22}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  electoral_democracy{col 23}{c |}      Coef.{col 35}   Std. Err.{col 47}      t{col 55}   P>|t|{col 63}     [95% Con{col 76}f. Interval]
{hline 22}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 13}1.did130 {c |}{col 23}{res}{space 2} .1184043{col 35}{space 2} .0400048{col 46}{space 1}    2.96{col 55}{space 3}0.003{col 63}{space 4} .0396744{col 76}{space 3} .1971341
{txt}{space 9}Own_outright {c |}{col 23}{res}{space 2}-.0007132{col 35}{space 2} .0011427{col 46}{space 1}   -0.62{col 55}{space 3}0.533{col 63}{space 4} -.002962{col 76}{space 3} .0015356
{txt}{space 21} {c |}
did130#c.Own_outright {c |}
{space 19}1  {c |}{col 23}{res}{space 2}-.0032968{col 35}{space 2} .0010472{col 46}{space 1}   -3.15{col 55}{space 3}0.002{col 63}{space 4}-.0053577{col 76}{space 3}-.0012359
{txt}{space 21} {c |}
{space 15}ln_gdp {c |}{col 23}{res}{space 2}-.1247205{col 35}{space 2} .0435702{col 46}{space 1}   -2.86{col 55}{space 3}0.005{col 63}{space 4}-.2104671{col 76}{space 3}-.0389739
{txt}{space 12}inflation {c |}{col 23}{res}{space 2}-.0015715{col 35}{space 2} .0022599{col 46}{space 1}   -0.70{col 55}{space 3}0.487{col 63}{space 4}-.0060191{col 76}{space 3} .0028761
{txt}{space 8}interest_rate {c |}{col 23}{res}{space 2} .0011528{col 35}{space 2} .0016704{col 46}{space 1}    0.69{col 55}{space 3}0.491{col 63}{space 4}-.0021345{col 76}{space 3} .0044401
{txt}{space 6}social_spending {c |}{col 23}{res}{space 2}-.0005292{col 35}{space 2} .0020372{col 46}{space 1}   -0.26{col 55}{space 3}0.795{col 63}{space 4}-.0045384{col 76}{space 3}   .00348
{txt}{space 21} {c |}
{space 17}year {c |}
{space 16}2011  {c |}{col 23}{res}{space 2} .0060145{col 35}{space 2} .0093925{col 46}{space 1}    0.64{col 55}{space 3}0.522{col 63}{space 4}-.0124701{col 76}{space 3} .0244991
{txt}{space 16}2012  {c |}{col 23}{res}{space 2}  .005059{col 35}{space 2} .0090896{col 46}{space 1}    0.56{col 55}{space 3}0.578{col 63}{space 4}-.0128294{col 76}{space 3} .0229474
{txt}{space 16}2013  {c |}{col 23}{res}{space 2}  .005259{col 35}{space 2} .0101948{col 46}{space 1}    0.52{col 55}{space 3}0.606{col 63}{space 4}-.0148045{col 76}{space 3} .0253224
{txt}{space 16}2014  {c |}{col 23}{res}{space 2} .0028154{col 35}{space 2} .0109954{col 46}{space 1}    0.26{col 55}{space 3}0.798{col 63}{space 4}-.0188236{col 76}{space 3} .0244544
{txt}{space 16}2015  {c |}{col 23}{res}{space 2} .0062733{col 35}{space 2} .0122297{col 46}{space 1}    0.51{col 55}{space 3}0.608{col 63}{space 4}-.0177948{col 76}{space 3} .0303415
{txt}{space 16}2016  {c |}{col 23}{res}{space 2} .0039472{col 35}{space 2} .0133277{col 46}{space 1}    0.30{col 55}{space 3}0.767{col 63}{space 4}-.0222818{col 76}{space 3} .0301762
{txt}{space 16}2017  {c |}{col 23}{res}{space 2} .0082216{col 35}{space 2} .0140134{col 46}{space 1}    0.59{col 55}{space 3}0.558{col 63}{space 4} -.019357{col 76}{space 3} .0358001
{txt}{space 16}2018  {c |}{col 23}{res}{space 2} .0046745{col 35}{space 2} .0151793{col 46}{space 1}    0.31{col 55}{space 3}0.758{col 63}{space 4}-.0251985{col 76}{space 3} .0345474
{txt}{space 16}2019  {c |}{col 23}{res}{space 2} .0061854{col 35}{space 2} .0175298{col 46}{space 1}    0.35{col 55}{space 3}0.724{col 63}{space 4}-.0283133{col 76}{space 3} .0406842
{txt}{space 16}2020  {c |}{col 23}{res}{space 2}-.0034677{col 35}{space 2}  .020975{col 46}{space 1}   -0.17{col 55}{space 3}0.869{col 63}{space 4}-.0447468{col 76}{space 3} .0378113
{txt}{space 16}2021  {c |}{col 23}{res}{space 2} .0000313{col 35}{space 2} .0224759{col 46}{space 1}    0.00{col 55}{space 3}0.999{col 63}{space 4}-.0442014{col 76}{space 3} .0442641
{txt}{space 21} {c |}
{space 16}_cons {c |}{col 23}{res}{space 2} 2.238054{col 35}{space 2} .4986706{col 46}{space 1}    4.49{col 55}{space 3}0.000{col 63}{space 4} 1.256664{col 76}{space 3} 3.219443
{txt}{hline 22}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
              sigma_u {c |} {res} .08703265
              {txt}sigma_e {c |} {res} .03393883
                  {txt}rho {c |} {res} .86800659{txt}   (fraction of variance due to u_i)
{hline 22}{c BT}{hline 64}
F test that all u_i=0: F({res}32{txt}, {res}296{txt}) = {res}18.81{col 62}{txt}Prob > F = {res}0.0000

{com}. 
. estimates store model_5

. 
. 
. 
. 
. 
. xtreg electoral_democracy i.did90##c.Owner_with_mortgage ln_gdp inflation interest_rate social_spending i.year, fe
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}       347
{txt}Group variable: {res}country_1{txt}{col 49}Number of groups{col 67}={col 69}{res}        33

{txt}R-sq:{col 49}Obs per group:
     within  = {res}0.2513{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     between = {res}0.0954{col 63}{txt}avg{col 67}={col 69}{res}      10.5
{txt}     overall = {res}0.0123{col 63}{txt}max{col 67}={col 69}{res}        12

{txt}{col 49}F({res}18{txt},{res}296{txt}){col 67}={col 70}{res}     5.52
{txt}corr(u_i, Xb){col 16}= {res}-0.5678{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{hline 28}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        electoral_democracy{col 29}{c |}      Coef.{col 41}   Std. Err.{col 53}      t{col 61}   P>|t|{col 69}     [95% Con{col 82}f. Interval]
{hline 28}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 20}1.did90 {c |}{col 29}{res}{space 2} -.008561{col 41}{space 2}  .037664{col 52}{space 1}   -0.23{col 61}{space 3}0.820{col 69}{space 4}-.0826842{col 82}{space 3} .0655622
{txt}{space 8}Owner_with_mortgage {c |}{col 29}{res}{space 2} .0013181{col 41}{space 2} .0010437{col 52}{space 1}    1.26{col 61}{space 3}0.208{col 69}{space 4} -.000736{col 82}{space 3} .0033721
{txt}{space 27} {c |}
did90#c.Owner_with_mortgage {c |}
{space 25}1  {c |}{col 29}{res}{space 2} .0007519{col 41}{space 2} .0008311{col 52}{space 1}    0.90{col 61}{space 3}0.366{col 69}{space 4}-.0008836{col 82}{space 3} .0023875
{txt}{space 27} {c |}
{space 21}ln_gdp {c |}{col 29}{res}{space 2}-.1242095{col 41}{space 2} .0447522{col 52}{space 1}   -2.78{col 61}{space 3}0.006{col 69}{space 4}-.2122823{col 82}{space 3}-.0361367
{txt}{space 18}inflation {c |}{col 29}{res}{space 2}-.0019394{col 41}{space 2} .0023282{col 52}{space 1}   -0.83{col 61}{space 3}0.406{col 69}{space 4}-.0065213{col 82}{space 3} .0026426
{txt}{space 14}interest_rate {c |}{col 29}{res}{space 2}-.0000127{col 41}{space 2} .0016902{col 52}{space 1}   -0.01{col 61}{space 3}0.994{col 69}{space 4} -.003339{col 82}{space 3} .0033136
{txt}{space 12}social_spending {c |}{col 29}{res}{space 2}-.0002508{col 41}{space 2}  .002097{col 52}{space 1}   -0.12{col 61}{space 3}0.905{col 69}{space 4}-.0043777{col 82}{space 3} .0038762
{txt}{space 27} {c |}
{space 23}year {c |}
{space 22}2011  {c |}{col 29}{res}{space 2} .0083624{col 41}{space 2} .0096324{col 52}{space 1}    0.87{col 61}{space 3}0.386{col 69}{space 4}-.0105943{col 82}{space 3} .0273191
{txt}{space 22}2012  {c |}{col 29}{res}{space 2} .0060235{col 41}{space 2} .0093475{col 52}{space 1}    0.64{col 61}{space 3}0.520{col 69}{space 4}-.0123725{col 82}{space 3} .0244196
{txt}{space 22}2013  {c |}{col 29}{res}{space 2} .0034036{col 41}{space 2}  .010549{col 52}{space 1}    0.32{col 61}{space 3}0.747{col 69}{space 4}-.0173569{col 82}{space 3} .0241642
{txt}{space 22}2014  {c |}{col 29}{res}{space 2}-.0001309{col 41}{space 2} .0115053{col 52}{space 1}   -0.01{col 61}{space 3}0.991{col 69}{space 4}-.0227735{col 82}{space 3} .0225117
{txt}{space 22}2015  {c |}{col 29}{res}{space 2} .0035378{col 41}{space 2}  .012864{col 52}{space 1}    0.28{col 61}{space 3}0.783{col 69}{space 4}-.0217787{col 82}{space 3} .0288543
{txt}{space 22}2016  {c |}{col 29}{res}{space 2} .0008148{col 41}{space 2} .0140135{col 52}{space 1}    0.06{col 61}{space 3}0.954{col 69}{space 4} -.026764{col 82}{space 3} .0283935
{txt}{space 22}2017  {c |}{col 29}{res}{space 2} .0066212{col 41}{space 2}  .014747{col 52}{space 1}    0.45{col 61}{space 3}0.654{col 69}{space 4}-.0224011{col 82}{space 3} .0356435
{txt}{space 22}2018  {c |}{col 29}{res}{space 2} .0033137{col 41}{space 2} .0160081{col 52}{space 1}    0.21{col 61}{space 3}0.836{col 69}{space 4}-.0281904{col 82}{space 3} .0348177
{txt}{space 22}2019  {c |}{col 29}{res}{space 2} .0038103{col 41}{space 2} .0184687{col 52}{space 1}    0.21{col 61}{space 3}0.837{col 69}{space 4}-.0325363{col 82}{space 3} .0401568
{txt}{space 22}2020  {c |}{col 29}{res}{space 2}-.0076303{col 41}{space 2} .0218628{col 52}{space 1}   -0.35{col 61}{space 3}0.727{col 69}{space 4}-.0506566{col 82}{space 3}  .035396
{txt}{space 22}2021  {c |}{col 29}{res}{space 2}-.0027255{col 41}{space 2} .0230144{col 52}{space 1}   -0.12{col 61}{space 3}0.906{col 69}{space 4}-.0480181{col 82}{space 3} .0425671
{txt}{space 27} {c |}
{space 22}_cons {c |}{col 29}{res}{space 2} 2.123834{col 41}{space 2} .4909307{col 52}{space 1}    4.33{col 61}{space 3}0.000{col 69}{space 4} 1.157677{col 82}{space 3} 3.089991
{txt}{hline 28}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                    sigma_u {c |} {res} .08170432
                    {txt}sigma_e {c |} {res} .03464357
                        {txt}rho {c |} {res} .84761154{txt}   (fraction of variance due to u_i)
{hline 28}{c BT}{hline 64}
F test that all u_i=0: F({res}32{txt}, {res}296{txt}) = {res}18.03{col 62}{txt}Prob > F = {res}0.0000

{com}. 
. estimates store model_7

. 
. 
. 
. xtreg electoral_democracy i.did100##c.Owner_with_mortgage ln_gdp inflation interest_rate social_spending i.year, fe
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}       347
{txt}Group variable: {res}country_1{txt}{col 49}Number of groups{col 67}={col 69}{res}        33

{txt}R-sq:{col 49}Obs per group:
     within  = {res}0.2618{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     between = {res}0.0674{col 63}{txt}avg{col 67}={col 69}{res}      10.5
{txt}     overall = {res}0.0037{col 63}{txt}max{col 67}={col 69}{res}        12

{txt}{col 49}F({res}18{txt},{res}296{txt}){col 67}={col 70}{res}     5.83
{txt}corr(u_i, Xb){col 16}= {res}-0.5255{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{hline 29}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}         electoral_democracy{col 30}{c |}      Coef.{col 42}   Std. Err.{col 54}      t{col 62}   P>|t|{col 70}     [95% Con{col 83}f. Interval]
{hline 29}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 20}1.did100 {c |}{col 30}{res}{space 2} .0037714{col 42}{space 2} .0202061{col 53}{space 1}    0.19{col 62}{space 3}0.852{col 70}{space 4}-.0359944{col 83}{space 3} .0435372
{txt}{space 9}Owner_with_mortgage {c |}{col 30}{res}{space 2} .0015659{col 42}{space 2} .0009266{col 53}{space 1}    1.69{col 62}{space 3}0.092{col 70}{space 4}-.0002576{col 83}{space 3} .0033894
{txt}{space 28} {c |}
did100#c.Owner_with_mortgage {c |}
{space 26}1  {c |}{col 30}{res}{space 2} .0005513{col 42}{space 2}  .000494{col 53}{space 1}    1.12{col 62}{space 3}0.265{col 70}{space 4}-.0004209{col 83}{space 3} .0015235
{txt}{space 28} {c |}
{space 22}ln_gdp {c |}{col 30}{res}{space 2}-.1144992{col 42}{space 2} .0445851{col 53}{space 1}   -2.57{col 62}{space 3}0.011{col 70}{space 4}-.2022431{col 83}{space 3}-.0267553
{txt}{space 19}inflation {c |}{col 30}{res}{space 2}-.0017421{col 42}{space 2} .0023056{col 53}{space 1}   -0.76{col 62}{space 3}0.450{col 70}{space 4}-.0062795{col 83}{space 3} .0027953
{txt}{space 15}interest_rate {c |}{col 30}{res}{space 2}-.0002867{col 42}{space 2} .0016888{col 53}{space 1}   -0.17{col 62}{space 3}0.865{col 70}{space 4}-.0036102{col 83}{space 3} .0030369
{txt}{space 13}social_spending {c |}{col 30}{res}{space 2}-.0004359{col 42}{space 2} .0020866{col 53}{space 1}   -0.21{col 62}{space 3}0.835{col 70}{space 4}-.0045423{col 83}{space 3} .0036704
{txt}{space 28} {c |}
{space 24}year {c |}
{space 23}2011  {c |}{col 30}{res}{space 2} .0071598{col 42}{space 2} .0095514{col 53}{space 1}    0.75{col 62}{space 3}0.454{col 70}{space 4}-.0116374{col 83}{space 3} .0259569
{txt}{space 23}2012  {c |}{col 30}{res}{space 2} .0059218{col 42}{space 2} .0092527{col 53}{space 1}    0.64{col 62}{space 3}0.523{col 70}{space 4}-.0122876{col 83}{space 3} .0241312
{txt}{space 23}2013  {c |}{col 30}{res}{space 2} .0036537{col 42}{space 2} .0103825{col 53}{space 1}    0.35{col 62}{space 3}0.725{col 70}{space 4}-.0167791{col 83}{space 3} .0240865
{txt}{space 23}2014  {c |}{col 30}{res}{space 2} .0005626{col 42}{space 2} .0112819{col 53}{space 1}    0.05{col 62}{space 3}0.960{col 70}{space 4}-.0216403{col 83}{space 3} .0227654
{txt}{space 23}2015  {c |}{col 30}{res}{space 2} .0040723{col 42}{space 2} .0126334{col 53}{space 1}    0.32{col 62}{space 3}0.747{col 70}{space 4}-.0207903{col 83}{space 3}  .028935
{txt}{space 23}2016  {c |}{col 30}{res}{space 2}-.0051607{col 42}{space 2} .0141817{col 53}{space 1}   -0.36{col 62}{space 3}0.716{col 70}{space 4}-.0330704{col 83}{space 3}  .022749
{txt}{space 23}2017  {c |}{col 30}{res}{space 2}-7.29e-06{col 42}{space 2} .0149695{col 53}{space 1}   -0.00{col 62}{space 3}1.000{col 70}{space 4}-.0294674{col 83}{space 3} .0294528
{txt}{space 23}2018  {c |}{col 30}{res}{space 2}-.0039599{col 42}{space 2} .0162244{col 53}{space 1}   -0.24{col 62}{space 3}0.807{col 70}{space 4}-.0358897{col 83}{space 3} .0279698
{txt}{space 23}2019  {c |}{col 30}{res}{space 2}-.0034708{col 42}{space 2} .0186338{col 53}{space 1}   -0.19{col 62}{space 3}0.852{col 70}{space 4}-.0401424{col 83}{space 3} .0332008
{txt}{space 23}2020  {c |}{col 30}{res}{space 2}-.0141112{col 42}{space 2} .0219086{col 53}{space 1}   -0.64{col 62}{space 3}0.520{col 70}{space 4}-.0572276{col 83}{space 3} .0290052
{txt}{space 23}2021  {c |}{col 30}{res}{space 2}-.0106838{col 42}{space 2} .0231155{col 53}{space 1}   -0.46{col 62}{space 3}0.644{col 70}{space 4}-.0561754{col 83}{space 3} .0348077
{txt}{space 28} {c |}
{space 23}_cons {c |}{col 30}{res}{space 2} 2.016886{col 42}{space 2} .4880474{col 53}{space 1}    4.13{col 62}{space 3}0.000{col 70}{space 4} 1.056403{col 83}{space 3} 2.977368
{txt}{hline 29}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                     sigma_u {c |} {res} .07964868
                     {txt}sigma_e {c |} {res}  .0344004
                         {txt}rho {c |} {res} .84278725{txt}   (fraction of variance due to u_i)
{hline 29}{c BT}{hline 64}
F test that all u_i=0: F({res}32{txt}, {res}296{txt}) = {res}18.21{col 62}{txt}Prob > F = {res}0.0000

{com}. 
. estimates store model_8

. 
. 
. 
. xtreg electoral_democracy i.did110##c.Owner_with_mortgage ln_gdp inflation interest_rate social_spending i.year, fe
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}       347
{txt}Group variable: {res}country_1{txt}{col 49}Number of groups{col 67}={col 69}{res}        33

{txt}R-sq:{col 49}Obs per group:
     within  = {res}0.2521{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     between = {res}0.1722{col 63}{txt}avg{col 67}={col 69}{res}      10.5
{txt}     overall = {res}0.0391{col 63}{txt}max{col 67}={col 69}{res}        12

{txt}{col 49}F({res}18{txt},{res}296{txt}){col 67}={col 70}{res}     5.54
{txt}corr(u_i, Xb){col 16}= {res}-0.6235{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{hline 29}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}         electoral_democracy{col 30}{c |}      Coef.{col 42}   Std. Err.{col 54}      t{col 62}   P>|t|{col 70}     [95% Con{col 83}f. Interval]
{hline 29}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 20}1.did110 {c |}{col 30}{res}{space 2} -.017392{col 42}{space 2} .0267915{col 53}{space 1}   -0.65{col 62}{space 3}0.517{col 70}{space 4} -.070118{col 83}{space 3}  .035334
{txt}{space 9}Owner_with_mortgage {c |}{col 30}{res}{space 2} .0009542{col 42}{space 2} .0009753{col 53}{space 1}    0.98{col 62}{space 3}0.329{col 70}{space 4}-.0009653{col 83}{space 3} .0028736
{txt}{space 28} {c |}
did110#c.Owner_with_mortgage {c |}
{space 26}1  {c |}{col 30}{res}{space 2} .0007927{col 42}{space 2} .0006057{col 53}{space 1}    1.31{col 62}{space 3}0.192{col 70}{space 4}-.0003993{col 83}{space 3} .0019847
{txt}{space 28} {c |}
{space 22}ln_gdp {c |}{col 30}{res}{space 2}-.1159446{col 42}{space 2} .0450165{col 53}{space 1}   -2.58{col 62}{space 3}0.010{col 70}{space 4}-.2045374{col 83}{space 3}-.0273517
{txt}{space 19}inflation {c |}{col 30}{res}{space 2}-.0014944{col 42}{space 2} .0023355{col 53}{space 1}   -0.64{col 62}{space 3}0.523{col 70}{space 4}-.0060907{col 83}{space 3} .0031019
{txt}{space 15}interest_rate {c |}{col 30}{res}{space 2} -.000106{col 42}{space 2} .0016943{col 53}{space 1}   -0.06{col 62}{space 3}0.950{col 70}{space 4}-.0034405{col 83}{space 3} .0032284
{txt}{space 13}social_spending {c |}{col 30}{res}{space 2}-4.78e-06{col 42}{space 2} .0020973{col 53}{space 1}   -0.00{col 62}{space 3}0.998{col 70}{space 4}-.0041324{col 83}{space 3} .0041228
{txt}{space 28} {c |}
{space 24}year {c |}
{space 23}2011  {c |}{col 30}{res}{space 2} .0073211{col 42}{space 2} .0096238{col 53}{space 1}    0.76{col 62}{space 3}0.447{col 70}{space 4}-.0116186{col 83}{space 3} .0262607
{txt}{space 23}2012  {c |}{col 30}{res}{space 2}  .007687{col 42}{space 2} .0093205{col 53}{space 1}    0.82{col 62}{space 3}0.410{col 70}{space 4}-.0106558{col 83}{space 3} .0260298
{txt}{space 23}2013  {c |}{col 30}{res}{space 2} .0059039{col 42}{space 2}  .010422{col 53}{space 1}    0.57{col 62}{space 3}0.571{col 70}{space 4}-.0146067{col 83}{space 3} .0264146
{txt}{space 23}2014  {c |}{col 30}{res}{space 2} .0032143{col 42}{space 2}  .011309{col 53}{space 1}    0.28{col 62}{space 3}0.776{col 70}{space 4}-.0190419{col 83}{space 3} .0254706
{txt}{space 23}2015  {c |}{col 30}{res}{space 2} .0066079{col 42}{space 2} .0126675{col 53}{space 1}    0.52{col 62}{space 3}0.602{col 70}{space 4}-.0183219{col 83}{space 3} .0315376
{txt}{space 23}2016  {c |}{col 30}{res}{space 2} .0022652{col 42}{space 2} .0138894{col 53}{space 1}    0.16{col 62}{space 3}0.871{col 70}{space 4}-.0250692{col 83}{space 3} .0295996
{txt}{space 23}2017  {c |}{col 30}{res}{space 2} .0065829{col 42}{space 2} .0147378{col 53}{space 1}    0.45{col 62}{space 3}0.655{col 70}{space 4}-.0224212{col 83}{space 3}  .035587
{txt}{space 23}2018  {c |}{col 30}{res}{space 2} .0015567{col 42}{space 2} .0161223{col 53}{space 1}    0.10{col 62}{space 3}0.923{col 70}{space 4}-.0301722{col 83}{space 3} .0332855
{txt}{space 23}2019  {c |}{col 30}{res}{space 2} .0019396{col 42}{space 2} .0186299{col 53}{space 1}    0.10{col 62}{space 3}0.917{col 70}{space 4}-.0347242{col 83}{space 3} .0386035
{txt}{space 23}2020  {c |}{col 30}{res}{space 2} -.009545{col 42}{space 2} .0220877{col 53}{space 1}   -0.43{col 62}{space 3}0.666{col 70}{space 4}-.0530139{col 83}{space 3} .0339239
{txt}{space 23}2021  {c |}{col 30}{res}{space 2}-.0066128{col 42}{space 2} .0233813{col 53}{space 1}   -0.28{col 62}{space 3}0.778{col 70}{space 4}-.0526275{col 83}{space 3} .0394018
{txt}{space 28} {c |}
{space 23}_cons {c |}{col 30}{res}{space 2} 2.052716{col 42}{space 2} .4929655{col 53}{space 1}    4.16{col 62}{space 3}0.000{col 70}{space 4} 1.082555{col 83}{space 3} 3.022878
{txt}{hline 29}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                     sigma_u {c |} {res} .08453209
                     {txt}sigma_e {c |} {res} .03462519
                         {txt}rho {c |} {res} .85632542{txt}   (fraction of variance due to u_i)
{hline 29}{c BT}{hline 64}
F test that all u_i=0: F({res}32{txt}, {res}296{txt}) = {res}17.94{col 62}{txt}Prob > F = {res}0.0000

{com}. 
. estimates store model_9

. 
. 
. 
. xtreg electoral_democracy i.did120##c.Owner_with_mortgage ln_gdp inflation interest_rate social_spending i.year, fe
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}       347
{txt}Group variable: {res}country_1{txt}{col 49}Number of groups{col 67}={col 69}{res}        33

{txt}R-sq:{col 49}Obs per group:
     within  = {res}0.2658{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     between = {res}0.1432{col 63}{txt}avg{col 67}={col 69}{res}      10.5
{txt}     overall = {res}0.0312{col 63}{txt}max{col 67}={col 69}{res}        12

{txt}{col 49}F({res}18{txt},{res}296{txt}){col 67}={col 70}{res}     5.95
{txt}corr(u_i, Xb){col 16}= {res}-0.6493{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{hline 29}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}         electoral_democracy{col 30}{c |}      Coef.{col 42}   Std. Err.{col 54}      t{col 62}   P>|t|{col 70}     [95% Con{col 83}f. Interval]
{hline 29}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 20}1.did120 {c |}{col 30}{res}{space 2}-.0886483{col 42}{space 2} .0386995{col 53}{space 1}   -2.29{col 62}{space 3}0.023{col 70}{space 4}-.1648094{col 83}{space 3}-.0124872
{txt}{space 9}Owner_with_mortgage {c |}{col 30}{res}{space 2}-.0005182{col 42}{space 2} .0011109{col 53}{space 1}   -0.47{col 62}{space 3}0.641{col 70}{space 4}-.0027044{col 83}{space 3}  .001668
{txt}{space 28} {c |}
did120#c.Owner_with_mortgage {c |}
{space 26}1  {c |}{col 30}{res}{space 2} .0030113{col 42}{space 2} .0010219{col 53}{space 1}    2.95{col 62}{space 3}0.003{col 70}{space 4} .0010003{col 83}{space 3} .0050224
{txt}{space 28} {c |}
{space 22}ln_gdp {c |}{col 30}{res}{space 2}-.1084617{col 42}{space 2}  .044625{col 53}{space 1}   -2.43{col 62}{space 3}0.016{col 70}{space 4}-.1962842{col 83}{space 3}-.0206391
{txt}{space 19}inflation {c |}{col 30}{res}{space 2}-.0018443{col 42}{space 2} .0022957{col 53}{space 1}   -0.80{col 62}{space 3}0.422{col 70}{space 4}-.0063623{col 83}{space 3} .0026737
{txt}{space 15}interest_rate {c |}{col 30}{res}{space 2} -.000087{col 42}{space 2} .0016762{col 53}{space 1}   -0.05{col 62}{space 3}0.959{col 70}{space 4}-.0033859{col 83}{space 3} .0032118
{txt}{space 13}social_spending {c |}{col 30}{res}{space 2} .0001993{col 42}{space 2} .0020806{col 53}{space 1}    0.10{col 62}{space 3}0.924{col 70}{space 4}-.0038954{col 83}{space 3} .0042941
{txt}{space 28} {c |}
{space 24}year {c |}
{space 23}2011  {c |}{col 30}{res}{space 2} .0071672{col 42}{space 2} .0095251{col 53}{space 1}    0.75{col 62}{space 3}0.452{col 70}{space 4}-.0115783{col 83}{space 3} .0259128
{txt}{space 23}2012  {c |}{col 30}{res}{space 2} .0064566{col 42}{space 2} .0092207{col 53}{space 1}    0.70{col 62}{space 3}0.484{col 70}{space 4}-.0116898{col 83}{space 3} .0246029
{txt}{space 23}2013  {c |}{col 30}{res}{space 2} .0041381{col 42}{space 2} .0103351{col 53}{space 1}    0.40{col 62}{space 3}0.689{col 70}{space 4}-.0162015{col 83}{space 3} .0244777
{txt}{space 23}2014  {c |}{col 30}{res}{space 2} .0009533{col 42}{space 2} .0112325{col 53}{space 1}    0.08{col 62}{space 3}0.932{col 70}{space 4}-.0211523{col 83}{space 3}  .023059
{txt}{space 23}2015  {c |}{col 30}{res}{space 2} .0036545{col 42}{space 2} .0126016{col 53}{space 1}    0.29{col 62}{space 3}0.772{col 70}{space 4}-.0211456{col 83}{space 3} .0284546
{txt}{space 23}2016  {c |}{col 30}{res}{space 2}-.0007324{col 42}{space 2} .0138063{col 53}{space 1}   -0.05{col 62}{space 3}0.958{col 70}{space 4}-.0279034{col 83}{space 3} .0264386
{txt}{space 23}2017  {c |}{col 30}{res}{space 2}  .001749{col 42}{space 2} .0146971{col 53}{space 1}    0.12{col 62}{space 3}0.905{col 70}{space 4}-.0271751{col 83}{space 3}  .030673
{txt}{space 23}2018  {c |}{col 30}{res}{space 2}-.0019009{col 42}{space 2} .0159534{col 53}{space 1}   -0.12{col 62}{space 3}0.905{col 70}{space 4}-.0332974{col 83}{space 3} .0294956
{txt}{space 23}2019  {c |}{col 30}{res}{space 2}-.0007943{col 42}{space 2} .0183387{col 53}{space 1}   -0.04{col 62}{space 3}0.965{col 70}{space 4}-.0368852{col 83}{space 3} .0352965
{txt}{space 23}2020  {c |}{col 30}{res}{space 2}-.0139847{col 42}{space 2} .0218071{col 53}{space 1}   -0.64{col 62}{space 3}0.522{col 70}{space 4}-.0569013{col 83}{space 3}  .028932
{txt}{space 23}2021  {c |}{col 30}{res}{space 2}-.0096052{col 42}{space 2} .0230246{col 53}{space 1}   -0.42{col 62}{space 3}0.677{col 70}{space 4} -.054918{col 83}{space 3} .0357075
{txt}{space 28} {c |}
{space 23}_cons {c |}{col 30}{res}{space 2} 2.024483{col 42}{space 2} .4862862{col 53}{space 1}    4.16{col 62}{space 3}0.000{col 70}{space 4} 1.067466{col 83}{space 3} 2.981499
{txt}{hline 29}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                     sigma_u {c |} {res} .08825725
                     {txt}sigma_e {c |} {res} .03430666
                         {txt}rho {c |} {res} .86873644{txt}   (fraction of variance due to u_i)
{hline 29}{c BT}{hline 64}
F test that all u_i=0: F({res}32{txt}, {res}296{txt}) = {res}18.61{col 62}{txt}Prob > F = {res}0.0000

{com}. 
. estimates store model_10

. 
. 
. 
. xtreg electoral_democracy i.did130##c.Owner_with_mortgage ln_gdp inflation interest_rate social_spending i.year, fe
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}       347
{txt}Group variable: {res}country_1{txt}{col 49}Number of groups{col 67}={col 69}{res}        33

{txt}R-sq:{col 49}Obs per group:
     within  = {res}0.2612{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     between = {res}0.1519{col 63}{txt}avg{col 67}={col 69}{res}      10.5
{txt}     overall = {res}0.0333{col 63}{txt}max{col 67}={col 69}{res}        12

{txt}{col 49}F({res}18{txt},{res}296{txt}){col 67}={col 70}{res}     5.81
{txt}corr(u_i, Xb){col 16}= {res}-0.6630{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{hline 29}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}         electoral_democracy{col 30}{c |}      Coef.{col 42}   Std. Err.{col 54}      t{col 62}   P>|t|{col 70}     [95% Con{col 83}f. Interval]
{hline 29}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 20}1.did130 {c |}{col 30}{res}{space 2}-.0908306{col 42}{space 2} .0408921{col 53}{space 1}   -2.22{col 62}{space 3}0.027{col 70}{space 4}-.1713066{col 83}{space 3}-.0103546
{txt}{space 9}Owner_with_mortgage {c |}{col 30}{res}{space 2}-.0003866{col 42}{space 2} .0011169{col 53}{space 1}   -0.35{col 62}{space 3}0.729{col 70}{space 4}-.0025846{col 83}{space 3} .0018115
{txt}{space 28} {c |}
did130#c.Owner_with_mortgage {c |}
{space 26}1  {c |}{col 30}{res}{space 2} .0033398{col 42}{space 2} .0012101{col 53}{space 1}    2.76{col 62}{space 3}0.006{col 70}{space 4} .0009584{col 83}{space 3} .0057213
{txt}{space 28} {c |}
{space 22}ln_gdp {c |}{col 30}{res}{space 2}-.1097272{col 42}{space 2}  .044782{col 53}{space 1}   -2.45{col 62}{space 3}0.015{col 70}{space 4}-.1978587{col 83}{space 3}-.0215956
{txt}{space 19}inflation {c |}{col 30}{res}{space 2}-.0018241{col 42}{space 2}  .002302{col 53}{space 1}   -0.79{col 62}{space 3}0.429{col 70}{space 4}-.0063546{col 83}{space 3} .0027063
{txt}{space 15}interest_rate {c |}{col 30}{res}{space 2} .0005373{col 42}{space 2} .0016851{col 53}{space 1}    0.32{col 62}{space 3}0.750{col 70}{space 4} -.002779{col 83}{space 3} .0038536
{txt}{space 13}social_spending {c |}{col 30}{res}{space 2} 2.86e-06{col 42}{space 2} .0020838{col 53}{space 1}    0.00{col 62}{space 3}0.999{col 70}{space 4}-.0040982{col 83}{space 3} .0041039
{txt}{space 28} {c |}
{space 24}year {c |}
{space 23}2011  {c |}{col 30}{res}{space 2} .0063202{col 42}{space 2} .0095616{col 53}{space 1}    0.66{col 62}{space 3}0.509{col 70}{space 4}-.0124972{col 83}{space 3} .0251377
{txt}{space 23}2012  {c |}{col 30}{res}{space 2} .0053115{col 42}{space 2} .0092687{col 53}{space 1}    0.57{col 62}{space 3}0.567{col 70}{space 4}-.0129295{col 83}{space 3} .0235524
{txt}{space 23}2013  {c |}{col 30}{res}{space 2}  .004356{col 42}{space 2} .0103673{col 53}{space 1}    0.42{col 62}{space 3}0.675{col 70}{space 4} -.016047{col 83}{space 3}  .024759
{txt}{space 23}2014  {c |}{col 30}{res}{space 2} .0014277{col 42}{space 2} .0112624{col 53}{space 1}    0.13{col 62}{space 3}0.899{col 70}{space 4}-.0207368{col 83}{space 3} .0235923
{txt}{space 23}2015  {c |}{col 30}{res}{space 2} .0048015{col 42}{space 2} .0126182{col 53}{space 1}    0.38{col 62}{space 3}0.704{col 70}{space 4}-.0200312{col 83}{space 3} .0296342
{txt}{space 23}2016  {c |}{col 30}{res}{space 2} .0008878{col 42}{space 2} .0138088{col 53}{space 1}    0.06{col 62}{space 3}0.949{col 70}{space 4}-.0262881{col 83}{space 3} .0280637
{txt}{space 23}2017  {c |}{col 30}{res}{space 2} .0051033{col 42}{space 2} .0146051{col 53}{space 1}    0.35{col 62}{space 3}0.727{col 70}{space 4}-.0236398{col 83}{space 3} .0338463
{txt}{space 23}2018  {c |}{col 30}{res}{space 2} .0013278{col 42}{space 2} .0158725{col 53}{space 1}    0.08{col 62}{space 3}0.933{col 70}{space 4}-.0299095{col 83}{space 3} .0325651
{txt}{space 23}2019  {c |}{col 30}{res}{space 2} .0012124{col 42}{space 2} .0183401{col 53}{space 1}    0.07{col 62}{space 3}0.947{col 70}{space 4}-.0348811{col 83}{space 3} .0373059
{txt}{space 23}2020  {c |}{col 30}{res}{space 2}-.0117225{col 42}{space 2} .0217973{col 53}{space 1}   -0.54{col 62}{space 3}0.591{col 70}{space 4}-.0546197{col 83}{space 3} .0311748
{txt}{space 23}2021  {c |}{col 30}{res}{space 2}-.0081085{col 42}{space 2} .0231934{col 53}{space 1}   -0.35{col 62}{space 3}0.727{col 70}{space 4}-.0537534{col 83}{space 3} .0375364
{txt}{space 28} {c |}
{space 23}_cons {c |}{col 30}{res}{space 2}  2.03406{col 42}{space 2} .4879088{col 53}{space 1}    4.17{col 62}{space 3}0.000{col 70}{space 4}  1.07385{col 83}{space 3} 2.994269
{txt}{hline 29}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                     sigma_u {c |} {res} .08979088
                     {txt}sigma_e {c |} {res} .03441379
                         {txt}rho {c |} {res} .87192105{txt}   (fraction of variance due to u_i)
{hline 29}{c BT}{hline 64}
F test that all u_i=0: F({res}32{txt}, {res}296{txt}) = {res}18.09{col 62}{txt}Prob > F = {res}0.0000

{com}. 
. estimates store model_11

. 
. 
. 
. 
. 
. 
. 
. coefplot (model_1) (model_2) (model_3) (model_4) (model_5) (model_7) (model_8) (model_9) (model_10) (model_11) ||,  omitted xline(0, lcolor(black) lwidth(thin)) lpattern(dash) graphregion(fcolor(white)) mlabel format(%9.4f) mlabposition(8) mlabsize(tiny) level(95 90) ciopts(lwidth(*0.5 *2))  keep(1.did90#c.Own_outright || 1.did100#c.Own_outright || 1.did110#c.Own_outright || 1.did120#c.Own_outright || 1.did130#c.Own_outright || 1.did90#c.Owner_with_mortgage || 1.did100#c.Owner_with_mortgage || 1.did110#c.Owner_with_mortgage || 1.did120#c.Owner_with_mortgage || 1.did130#c.Owner_with_mortgage)
{res}
{com}. log close
      {txt}name:  {res}<unnamed>
       {txt}log:  {res}C:\Users\Han\Desktop\document\불평등 연구\주제26_집과_민주주의\competition and change\data\analysis_2.smcl
  {txt}log type:  {res}smcl
 {txt}closed on:  {res}14 Nov 2024, 13:54:51
{txt}{.-}
{smcl}
{txt}{sf}{ul off}